Short term long to daily trend line - if price can successfully close above the daily then would expect challenge on daily pivot - Pivot trend lines are dynamic like price and change with each new pivot point - the long position holds as long as price does not close below the 4 hr pivot trend - if it does then a short position approach is taken
Comments
kate25
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this is the landscape aussie is in heading into FOMC - price above daily but below the 4hr trend -
kate25
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DXY same look -
kate25
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if we get a close here above the weekly pivot - targeting the weekly trend
wwfm
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well we had it already 0.80105 highest
kate25
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weekly pivot challenge and R3 on the daily in progress
JamesPowell
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is that cool or what!
kate25
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I may need coronary care - I thought for sure I was going to lose the daily trend
wwfm
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wow what a jump on even no so good numbers)
JamesPowell
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CPR!
kate25
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that's right forget the CPI I need CPR - wwfm - I think much of the move down priced in a poor CPI already